Slide 1: Full Year 2015 financial presentation
Full Year 2015 financial presentation One of the leading electronic jewelers in Europe
Slide 2: Management team: more than 70 years of combined professional experience
Management team: more than 70 years of combined professional experience
Slide 3: Table of contents
Table of contents 1) elumeo at a glance Highlights in 2015 Financials Outlook 2016 Points of contact elumeo|3
Slide 4: elumeo at a glance
elumeo at a glance • • • • • • • • • • • • • • • • • • •
Slide 5: elumeo share price
elumeo share price 80,00 e IPO on 3 July 2015 with an issue price of 25,00 EUR 25.00 per share 20,00 e Drop to EUR 14.40 on 12 November 2015 15.00 after Ad-Hoc resulting from UK activities e Recovery since then, in particular after 10,00 publication of 9M figures 5,00 0,00 ) -) ~) ) > ) © ae x s aoe
Slide 6: Table of contents
Table of contents 1) elumeo at a glance C2) ighihsin2005 3) Financials 4) Outlook and 2016 5} Points of contact
Slide 7: elumeo made progress on all three strategic areas in 2015
elumeo made progress on all three strategic areas in 2015 1 2 3 • • • • • • • • • • • • •
Slide 8: Initiatives to enhance the cost leadership
Initiatives to enhance the cost leadership ● ● ● ● ● ● ●
Slide 9: Agile integrated gemstone-buying: integration driven one level further
Agile integrated gemstone-buying: In 2015 elumeo has driven integration one level further ● ● ● ● ● ●
Slide 10: Efficiency gains offset by low Thai Baht to Euro exchange rate
In 2015 part of the gains in efficiency have been offset by historically low exchange rate between Thai Baht and Euro • • •
Slide 11: elumeo's customers continue to show high level of loyalty
elumeo’s customers continue to show high level of loyalty
Slide 12: Table of contents
Table of contents 1) elumeo at a glance ©@ dightignts in 2015 } 6 Financials 4) Outlook 2016 5} Points of contact elumeo|12 + rm v j y bh c.
Slide 13: Summary of Full Year 2015 results
Summary of Full Year 2015 results ● ● ●
Slide 14: 2015 vs. 2014 performance – Overview
2015 vs. 2014 performance – Overview ● ● ●
Slide 15: Q4 2015 vs. Q4 2014 performance – Overview
Q4 2015 vs. Q4 2014 performance – Overview ● ● ●
Slide 16: eCommerce continues to show highest growth-rates
eCommerce continues to show highest growth-rates Σ Σ Σ Σ ● ● ● ●
Slide 17: Consolidated Income Statement
Consolidated Income Statement 01.01. - 01.01. - 31.12.2015 31.12.2014 Revenue 72.606 100% 70.770 100% Cost of goods sold 39.168 53,9% 33.322 47,1% Gross profit 33.438 46,1% 37.448 52,9% Selling expenses 27.816 38,3% 26.729 37,8% Administrative expenses 12.873 17,7% 9.736 13,8% Other operating income
Slide 18: Revenue split by Country
Revenue split by Country Q4 2015 Q4 2014 Q4.15 01.01. - 01.01. - 2015 EUR thousands (if not specified differently) /.Q4.14 31.12.2015 31.12.2014 1.2014 Revenue 18.442 100% 20.731 100% -2.290 -11% 72.606 100% 70.770 100% 1836 3% Product revenue by regions [absolutely and in % of product revenue] Germ
Slide 19: Segment Report
Segment Report Sales Division Sales Division Segment GROUP. GE/IT other Overhead CONS. EUR thousand 2015 2015 2015 2015 Revenue 58.206 100% 14.401 100% ie} 72.606 Cost of goods sold -31.740 -54,5% -9.722 -67,5% 2.294 -39.168 Gross Profit cece cece cece cece eeneeeeteenenenneneee see 26405. 45,5% 4.6
Slide 20: Split of Selling expenses
Split of Selling expenses 01.01. - 01.01. - 2015 2014 Variance % of % of 31.12.2015 31.12.2014 revenues revenues 2015/2014 Broadcasting and channel rental cost 13.921 12.558 19,2% 17,7% 1.363 Personnel expenses 6.495 6.134 8,9% 8,7% 361 Other selling expenses 4.385 5.363 6,0% 7,6% -978 Personnel ser
Slide 21: Split of administrative expenses
Split of administrative expenses 01.01. - 01.01. - 2015 2014 Variance 31.12.2015 31.12.2014 % of revenues % of revenues 2015/2014 Personal expenses 5.679 3.958 7,8% 5,6% 1.721 Depreciation and amortisation 571 421 0,8% 0,6% 149 Other administrative expenses 6.624 5.357 9,1% 7,6% 1.267 Administrative
Slide 22: Adjusted EBITDA
Adjusted EBITDA Adjusted EBITDA from 1 January to 31 December 2015 01.01. - 01.01. - 31.12.2015 31.12.2014 EBITDA (before special influences) -7.715 3.210 Result of R&C from relocation of business activities 4.699 0 Effects from foreign currency translation 1.244 1.004 IPO and restructuring related
Slide 23: Balance sheet
Balance sheet ASSETS Notes 31/12/2015 31/12/2014 Non-current assets Intangible assets (12.) 1,011 727 Property, plant and equipment (13.) 11,676 2,286 Receivables due from related parties (16.) 10) 74 Other financial assets (17.) 420 388 Other non-financial assets (18.) 2,088 509 Deferred tax assets
Slide 24: Split of Inventories
Split of Inventories 31.12.2015 31.12.2014 Raw materials, consumables and supplies 12.608 479 Unfinished goods 739 1.049 Finished goods and merchandise 26.958 19.892 Advance payments 124 0 Inventories 40.428 21.419 • •
Slide 25: Balance sheet
Balance sheet EQUITY & LIABILITIES Notes 31/12/2015 31/12/2014 Equity Issued capital (20.) 5,500 4,000 Capital reserve (20.),(21.) 33,397 (0) Retained earnings (20.) 10,115 19.037 Foreign currency translation reserve (11.) 2,045 1,489 Total equity 51,057 24,525 Non-current liabilities Financial debt
Slide 26: Cash Flow Statement
Cash Flow Statement Notes 1 Jan - 1 Jan -
Slide 27: Cash Flow Statement
Cash Flow Statement Notes 01.01. - 01.01. - 31/12/2015 31/12/2014 - Payments for investments in intangible assets (12.) -404 -751 - Payments for investments in property, plant and equipment (13.) -9,402 -935 and property, plant and equipment +1 +11 + Proceeds from acquisition of subsidiaries (includ
Slide 28: Table of contents
Table of contents 1) elumeo at a glance ©@ dightignts in 2015 } 3) Financials ONE 5} Points of contact elumeo|28 + rm
Slide 29: 2016 Outlook
2016 Outlook Following a large number of sales initiatives the outlook for 2016 is positive * The cooperation with Kat Florence Jeweller and the usage of Sarah Jesscia Parker as brand testimonial will increase visibility of Juwelo in many markets * Relaunch of the webshop in the United Kingdom * Lau
Slide 30: Table of contents
Table of contents 1) elumeo at a glance ©@ Hightignts in 2015 3) Financials 4) Outlook 2016 6 Points of contact elumeo|30
Slide 31: Points of contact
6 Points of contact Executive Board: Wolfgang Boyé, Don Kogen, Bernd Fischer, Boris Kirn, Thomas Jarmuske, Deborah Cavill, Anette Bronder, Roland Sand Investor Relations contact: Alexander Enge Erkelenzdamm 59/61 10999 Berlin E-Mail: IR@elumeo.com Phone: +49 30 69 59 79-231 Fax: +49 30 69 59 79-650